Thesis
Did not pay attention to TA at all.
Stock doubled in price today, causing extreme rise in IV pricing on options. Opened a debit calendar spread to take advantage of high IV.
Discovery
Looked at trending tickers for the day.
Correlation
N/A
Entry
+2 7.00C Feb 24 @ 1.48
-1 5.00C Feb 10 @ 1.61
(12.95 fees)
Net: -$148.95
Here is a graphic which shows the expected P&L of this option spread.
optionstrat.com/IxH43VpPdEDH
Did not pay attention to TA at all.
Stock doubled in price today, causing extreme rise in IV pricing on options. Opened a debit calendar spread to take advantage of high IV.
Discovery
Looked at trending tickers for the day.
Correlation
N/A
Entry
+2 7.00C Feb 24 @ 1.48
-1 5.00C Feb 10 @ 1.61
(12.95 fees)
Net: -$148.95
Here is a graphic which shows the expected P&L of this option spread.
optionstrat.com/IxH43VpPdEDH
Nota
Spread was not configured to correctly take advantage of short vega and was more or less a long position with limited downside. Unfortunately, price retraced 30% against me; position remains open as I intend to close it closer to the expiry date.Of note, the short 5C is 90% profitable - it might be prudent to BTC this leg and collect profits on it, then wait for a reversal to the upside.
Dagangan ditutup: hentian tercapai
BTC the short leg at a small profit on that leg; the 2 contracts on the long legs lost money, net P&L is -$120.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.